The cost to evict, in terms of lost rent, vacancy, turnover costs, plus the work involved to secure a new tenant who ON AVERAGE will be WORSE than the one you would be evicting sounds counter-productive.

Hi Everyone,
I have a unit whose gas wall heater just got tagged by the gas company for leaking CO.  I was quoted $5,700 by licensed contractor and $3,200 by one not licensed who wouldn't pull a permit but has done s...

The biggest mistake I made was not keeping 50 or so more of the 500, yes 500 I flipped in my market, HUGE mistake, cost me millions, Wealth is built not flipped. 

IN our price points 20 % of the build cost is way more than we are paying  but we are giving him 30 houses a year to build.. so there is that.

With $75k very few markets could you withstand a downpayment, closing costs, reserves and capex up front.

Also, You can try wholesaling since your interested in real estate- this is probally the best option IMO since it will help you get your foot in the door of real estate investing with a low cost of entryThese are just a few options I can think of at the top of my hand.

Plus, you want your lease agreement to fit your business model, help you to reduce costs, provide for compensation from the tenant for administrative burdens imposed on you by tenant acts or omissions, provide for procedures tenant need to take for maintenance and other tenancy issues, etc.

You have to run the numbers - at $389K plus costs for the rehab, is it worth it?

You can seize assets and have them sold but again the costs are paid by you and added to what they owe.

You would come up with the difference plus closing costs which of course is much lower then 20% of 400k plus closing costs.